Taqi Says Price Could Reach $20/B at Year End 

According to the Iraqi Oil Minister, Mr. Qasim Ahmad Taqi, oil prices are likely to rise to $20/B by the end of the year.

Mr. Taqi, speaking in Baghdad on 1 June, stressed that in Iraq's case the collapse of oil prices had to some extent been offset by its growing export capacity. Noting that work had begun on the second expansion of the Turkish pipeline and that tender documents for the second phase of the Saudi pipeline would...